Trending

This is expected to give traders more confidence to take cases to tribunals without the fear of having to pay huge costs incurred by HMRC.

As well as reducing risks for traders, the ruling is expected to make HMRC more cautious in applying extended verification and fighting attempts to challenge it.

Jeffrey Green Russell senior partner Philip Cohen (pictured), who represented Atlantic in court, told Mobile News: “The taxpayer is seldom best served when fighting against the Crown. Taxpayers and businesses should be able to play on a level playing field when contesting HMRC.”